The new vault of Yearn Finance will be locking their CRV tokens of Curve Finance for a permanent period of time in order to gain a maximum yield. The highest pool for yielding on the SushiSwap leverages an additional return from the New Yearn and lock the governance of Curve Finance forever.
The collaboration of SushiSwap with Yearn has allowed several lucrative rewards for SUSHI in order to acquire their liquidity provider token from the yveCRV which is a new pool.
SushiSwap Pays A Price To Gain Rewards
The whole process of giving and take that has been happening in the partnership involved 3 decentralized finance platforms including SushiSwap, Yearn Finance, and Curve Finance.
A brand new vault in the Yearn Finance has been named as the ‘Backscratcher’ Yearn veCRV vault that locks the governance of Curve Finance token CRV permanently. In addition the yields returns of 3 pool liquidity providers in Curve token 3CRV. This vault is created by the best DeFi programmers present in the Andre Cronje along with Banteg of Yearn Finance.
Each week the liquidity providers are allowed to claim the vault rewards of 3CRV. In the meantime, the yearly fee return of Curve is almost 8.1%. On the other hand, the vault yield of yveCRV is approximately 10.1%.
yveCRV is the token liquidity provider on behalf of Yearn vault. However, several LP tokens can claim the liquidity tokens that yveCRV cannot due to the reason that these tokens are still not locked forever.
The collaboration was made to boost the liquidity of the vault. The incentive for SushiSwap is surging the requests for yveCRV. SushiSwap-Yearn collaboration might continue to provide beneficial SUSHI rewards in order to make a big pool for tokens.
